EPA Proposes RFS Changes to Boost Domestic Biofuel Production
The Environmental Protection Agency (EPA) has proposed changes to the Renewable Fuel Standard (RFS) program. The plan aims to boost domestic biofuel production and limit foreign imports, drawing support from a bipartisan group of lawmakers.
The EPA's proposal includes measures to increase the Renewable Fuel Obligation (RVO) and reduce the value of Renewable Identification Numbers (RINs) for foreign-produced fuels. It also suggests reallocating unmet regulatory costs from exempted small refineries to larger ones. The agency's analysis predicts job creation and economic growth for farming communities.
Led by Sen. Charles E. Grassley, R-Iowa, a bipartisan, bicameral group of 47 members of Congress backed these improvements to the RFS program in 2021. They argue that the RIN reduction measures would support the farm economy and create a fairer playing field for domestic feedstock and biofuel producers.
The EPA is inviting public comment on these plans until Oct. 31. Both the nation's largest biofuel trade group, Growth Energy, and a bipartisan group of 47 members of Congress have urged the EPA to finalize its proposals for the Renewable Fuel Standard program.
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